Continuing the same increase for the second consecutive year in the third term, the Indian government has increased the minimum support prices (MSPs) of kharif crops for the 2025-26 season beginning July to between 1 per cent and 13.9 per cent.
As sowing has started with the early arrival of monsoon in several parts of the country, the Union Cabinet on Wednesday approved the hike. The approval came on June 19 last year. The early approval of MSPs is also seen to help the Central team, scheduled to commence a 15-day campaign starting May 15 to reach out to farmers to publicise the hike.
During the last Kharif season, the benchmark rates were raised between 1.4 percent and 12.7 percent. Kharif crops will start arriving in the mandis (agriculture market yards) from the last week of September, and farmers will be paid the new rates when the government starts procurement.
